Tag: challenger banks
New challenger Ikigai combines digital banking and wealth management
Ikigai, a London fintech founded by former McKinsey partners, thinks there’s room in the crowded challenger market for a new premium offering that combines digital banking with wealth management. Targeting future and present high-net-worth individuals, Ikigai is iOS-only for now and consists of a current account and savings account, with…
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UK challenger bank Starling raises $376M, now valued at $1.9B
Challenger banks continue to see huge infusions of cash from investors bullish on the opportunity for smaller and faster-moving tech-based banking startups to woo customers from their larger rivals. In the latest development, UK-based Starling announced that is has closed £272 million ($376 million at current rates), at a pre-money…
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Nigeria’s Kuda raises $10M to be the mobile-first challenger bank for Africa
The African continent is currently one of the fastest-growing regions when it comes to mobile growth, and financial technology companies that are building services to meet that rapidly-expanding market are getting a lot of attention. In the latest development, Kuda, a startup out of Nigeria that operates a popular mobile-first…
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This UX specialist opened 12 UK bank accounts and ‘logged everything’
“I’ve got a really high attention to detail, which might sound great, but it’s possibly a curse because I can’t help but spot problems with everything around me,” says Peter Ramsey. He’s the founder of Built for Mars, a U.K.-based UX advisory, and he has spent the last three months…
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B2B challenger bank Finom raises $7M Seed from Target Global and General Catalyst
Just as challenger banks have appeared in the B2C space, so to have B2B startup banks aimed small businesses, among them startups like Qonto (Fr), Tide (UK), Penta (GER) and CountingUp (UK). Today another such firm, Finom, has closed a €6.5m ($7M) seed funding round led by Target Global, with…
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Thought Machine nabs $83M for a cloud-based platform that powers banking services
The world of consumer banking has seen a massive shift in the last ten years. Gone are the days where you could open an account, take out a loan, or discuss changing the terms of your banking only by visiting a physical branch. Now, you can do all this and…
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